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Stimulus Update: After a Stimulus Autopsy, Here's What the Fed Found

Stimulus Update: After a Stimulus Autopsy, Here's What the Fed Found

Listening to partisan bickering over whether stimulus funds led to inflation is like hearing two cousins at a funeral, arguing over which one Grandpa Jack wanted to leave his fishing boat to. A new study by the St. Louis Federal Reserve found that government stimulus payments were at fault for some U.S. inflation. To be precise, the Fed can trace 2.6% of the 7.9% 12-month inflation rate in February 2022 to stimulus payments.